Analyst initiations 5-25-07: AMLN, CELG, HPQ and RFMD
Posted May 25th 2007 11:24AM by Kevin Shult
Filed under: Before the Bell, Hewlett-Packard (HPQ), Analyst Initiations, Gilead Sciences (GILD)
MOST NOTEWORTHY: Hewlett-Packard Co (HPQ), Tekay Offshore Partners LP (TOO), Auxilium Pharmaceuticals, Inc (AUXL) and Northwest Airlines Corp (NWA) were today's more noteworthy initiations:
- Friedman Billings started Hewlett-Packard (NYSE: HPQ) with an Outperform rating and $53 target.
- Teekay Offshore (NYSE: TOO) was initiated with a Hold rating and $30 target by Deutsche Bank based on valuation.
- Banc of America noted that if approved, Auxilium Pharmaceuticals' (NASDAQ: AUXL) lead candidate, AA4500, could become a first-in-class therapy, with an over-$800M sales potential in niche markets, with no competition. Bank of America started AUXL with a Buy rating and $22 target.
OTHER INITIATIONS:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required). Tags: amln, analyst, arna, auxl, celgene, gild, hpq, initiation, nwa, nwacq, rating, rfmd, theflyonthewall.com, too
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